PRECIOUS-Gold firms on Fed slowdown hopes, latest Russia jitters
Nov 16 (Reuters) - Gold prices steadied a three-month peak on Wednesday as signs of cooling U.S. inflation boosted bets for smaller rate hikes, while reports around Russian missiles killing two people in Poland led to some demand for safe-haven assets.
* Spot gold XAU= held its ground at $1,776.50 per ounce, as of 0103 GMT, after hitting its highest since Aug. 15 in the previous session.
* U.S. gold futures GCv1 rose 0.2% at $1,780.40 per ounce.
*said they were investigating but could confirm a report on Tuesday that a blast in NATO member Poland resulted from stray Russian missiles, while Russia's defence ministry denied it.
* The U.S. producer price index (PPI) increased 8.0% for the 12 months through October compared with economist expectations for 8.3% and September's 8.4% increase, according to the Labor Department data.
* The data, following last week's smaller-than-expected increase in consumer prices for October, encouraged investors who have been closely monitoring inflation data for signs that the Federal Reserve could slow its interest rate hikes.
* Rising interest rates tend to dull bullion's appeal as the metal pays interest.
*said on Tuesday he sees little evidence that aggressive monetary policy tightening is slowing inflation, anticipating that more hikes would be to get inflation down to the Fed's 2% target.
* But, safe-haven gains for the dollar =USD limited greenback-priced gold's advance as the U.S. unit rose 0.2% against its rivals. US/
* Spot silver XAG= eased 0.2% to $21.48 per ounce. Platinum XPT= fell 0.3% to $1,011 and palladium XPD= was flat at $2,097.
0030 Australia Wage Price Index QQ, YY Q3
0430 Japan Tertiary Ind Act NSA Sept
0700 UK CPI YY Oct
1330 US Import Prices YY Oct
1330 US Retail Sales MM Oct
1415 US Industrial Production MM Oct
(Reporting by Brijesh Patel in Bengaluru; Editing by Sherry Jacob-Phillips)